The Start-Up Visa (SUV) Program is a direct pathway to permanent residence for entrepreneurs who want to launch a business in Canada. It is designed to attract innovative business owners who can create jobs and compete on a global scale.
Who Can Apply?
To qualify for the Start-Up Visa, you must meet the following eligibility criteria:
1. Have a Qualifying Business
✔ Your business must be innovative, scalable, and competitive
✔ You must own at least 10% of the company’s shares
✔ The majority of the company’s voting rights must be held in Canada
2. Secure Support from a Designated Organization
You must get a Letter of Support from one of the following:
✔ Venture Capital Fund (minimum investment: $200,000)
✔ Angel Investor Group (minimum investment: $75,000)
✔ Business Incubator (acceptance into a recognized incubator program)
3. Meet Language Requirements
✔ CLB 5 in English or French in speaking, listening, reading, and writing
4. Have Enough Settlement Funds
✔ You must show proof of funds to support yourself and your family in Canada
✔ Example fund requirements:
- Single applicant: $13,757
- Family of four: $25,564
Application Process
✔ Step 1: Develop a business idea that meets the program requirements
✔ Step 2: Get support from a designated organization
✔ Step 3: Submit your permanent residence application
✔ Step 4: Apply for a work permit (optional) while waiting for PR
Why Choose the Start-Up Visa?
✅ Direct path to permanent residence (not tied to business success)
✅ No minimum investment required from applicants (if backed by an incubator)
✅ Option to work in Canada while PR is processed
✅ Access to Canada’s strong business ecosystem
The Start-Up Visa Program is an ideal opportunity for entrepreneurs looking to establish their business in Canada and gain permanent residency.